Leucrotta Exploration (CVE:LXE) Shares Pass Above 50-Day Moving Average of $2.21

Leucrotta Exploration Inc. (CVE:LXEGet Rating)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$2.21 and traded as high as C$2.21. Leucrotta Exploration shares last traded at C$2.21, with a volume of 310,100 shares traded.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada raised their target price on Leucrotta Exploration from C$1.50 to C$2.00 and gave the stock a “sector perform” rating in a research report on Friday, April 29th.

Leucrotta Exploration Stock Performance

The stock has a market cap of C$551.95 million and a PE ratio of 5.54. The company has a fifty day moving average price of C$2.21 and a 200 day moving average price of C$1.72. The company has a quick ratio of 4.34, a current ratio of 4.55 and a debt-to-equity ratio of 0.16.

Leucrotta Exploration (CVE:LXEGet Rating) last released its quarterly earnings data on Thursday, May 26th. The oil and natural gas company reported C$0.03 EPS for the quarter, topping the consensus estimate of C$0.02 by C$0.01. The company had revenue of C$20.75 million during the quarter. Analysts expect that Leucrotta Exploration Inc. will post 0.2 earnings per share for the current year.

Leucrotta Exploration Company Profile

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Leucrotta Exploration Inc, an oil and natural gas company, acquires, explores for, develops, and produces oil and natural gas reserves in northeastern British Columbia, Canada. As of December 31, 2021, it owned approximately 213,000 net acres of land. The company was incorporated in 2014 and is based in Calgary, Canada.

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